Forescout Technologies Inc (NASDAQ:FSCT) CFO Christopher Harms sold 4,770 shares of the stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $28.58, for a total value of $136,326.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Christopher Harms also recently made the following trade(s):
- On Thursday, October 11th, Christopher Harms sold 4,027 shares of Forescout Technologies stock. The shares were sold at an average price of $30.11, for a total value of $121,252.97.
- On Tuesday, September 11th, Christopher Harms sold 4,027 shares of Forescout Technologies stock. The shares were sold at an average price of $37.19, for a total value of $149,764.13.
- On Monday, August 20th, Christopher Harms sold 20,047 shares of Forescout Technologies stock. The shares were sold at an average price of $32.51, for a total value of $651,727.97.
FSCT traded down $0.52 during midday trading on Friday, reaching $27.59. The company had a trading volume of 1,196,331 shares, compared to its average volume of 410,102. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.17 billion and a price-to-earnings ratio of -3.48. Forescout Technologies Inc has a 1 year low of $21.56 and a 1 year high of $40.96.
Forescout Technologies (NASDAQ:FSCT) last issued its quarterly earnings results on Thursday, November 8th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The business had revenue of $85.63 million during the quarter, compared to analyst estimates of $79.08 million. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the firm posted ($0.21) EPS. On average, equities analysts anticipate that Forescout Technologies Inc will post -0.95 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Fortaleza Asset Management Inc. purchased a new stake in Forescout Technologies in the second quarter worth about $107,000. Parallel Advisors LLC grew its position in shares of Forescout Technologies by 924.3% during the third quarter. Parallel Advisors LLC now owns 3,370 shares of the company’s stock worth $127,000 after purchasing an additional 3,041 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Forescout Technologies during the second quarter worth about $140,000. SG Americas Securities LLC purchased a new stake in shares of Forescout Technologies during the second quarter worth about $161,000. Finally, Royal Bank of Canada grew its position in shares of Forescout Technologies by 67,800.0% during the first quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock worth $176,000 after purchasing an additional 5,424 shares in the last quarter. Institutional investors and hedge funds own 55.56% of the company’s stock.
FSCT has been the topic of a number of recent research reports. Zacks Investment Research downgraded Forescout Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Robert W. Baird initiated coverage on Forescout Technologies in a report on Wednesday, October 17th. They issued an “outperform” rating and a $42.00 target price on the stock. Needham & Company LLC initiated coverage on Forescout Technologies in a report on Friday, September 21st. They issued a “buy” rating and a $47.00 target price on the stock. Citigroup increased their target price on Forescout Technologies from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, July 24th. Finally, JPMorgan Chase & Co. increased their target price on Forescout Technologies to $46.00 and gave the company an “overweight” rating in a report on Friday, August 10th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $38.91.
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Forescout Technologies Company Profile
ForeScout Technologies, Inc provides network security products in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers ForeScout CounterACT agentless technology that discovers, classifies, and assesses IP-based devices; ForeScout extended modules, which represent integrations across vulnerability assessment, advanced threat detection, security incidence and event management, enterprise mobility management, endpoint protection and endpoint detection and response, next generation firewall, privileged access management, and IT systems management vendors, as well as compliance; and ForeScout CounterACT Enterprise Manager, a centralized security management solution for the control of various appliances deployed on an end-customer network, as well as maintenance and professional services.
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